Wed.Oct 18, 2023

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Avoid Getting Caught Up In Big Market Delusions: The Case Study Of Electric Vehicles

Nerd's Eye View

A key value proposition for financial advisors is helping clients avoid common behavioral biases that can lead to suboptimal investment decisions. Even people who are normally rational decision-makers can be prone to fear, greed, and overconfidence, and the persistence of market bubbles where investors chase whatever company or sector is all the rage at the time (and often get stuck with losses when the bubble pops) shows that herd mentality in investing is as prevalent as ever.

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Consumers plan to sustain robust spending: Fed economists

CFO Dive

Unexpectedly high consumer spending this year followed a 37% leap in household median wealth between 2019 and 2022, according to the Fed.

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Trending Sources

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India’s GDP growth in range of 6.5% to 6.8% in FY 24-25 backed by festive season and higher government spending: Deloitte

CFO News

Deloitte India projects GDP growth in the range of 6.5 per cent to 6.8 per cent “signaling a positive outlook for India”. However, as one of the fastest growing countries, it is important for the Government of India to also focus on the MSME sector with appropriate policies and institutional mechanisms.

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Plaid names first CFO amid potential run-up to public listing

CFO Dive

The move comes as the 10-year-old fintech company is reportedly considering going public after its failed agreement to be acquired by Visa.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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DGGI detects GST evasion of Rs 57,000 crore since April 2020: Finance Ministry

CFO News

Gst Evasion: DGGI had launched a special drive in November 2020 to curb the practice of claiming fraudulent Input Tax Credit (ITC) and prevent revenue leakage.

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More Trending

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Cultivating an Admired Corporate Culture at FISPAN

FISPAN

At FISPAN, we believe maintaining a strong corporate culture is the foundation of our success. Our commitment to creating a positive culture sets us apart.

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IBM expands partnership with Amazon Web for generative AI

Future CFO

IT services company IBM is expanding its relationship with Amazon Web Services (AWS) to deliver joint solutions upgraded with generative artificial intelligence capabilities for critical uses cases. The move seeks to help more mutual clients operationalise and derive value from generative AI. IBM Consulting is aiming to deepen its generative AI expertise on AWS by training 10,000 consultants by end-2024, eyeing to start with the following specific solutions: Contact Center Modernisation with Ama

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L&T, ICICI Bank and Infosys lead on ESOPs. Nifty 12's top deck get richer by Rs 8718 crore

CFO News

Wealth creation was led by L&T and followed by Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints and Dr Reddy's Laboratories, on the basis of the number of options issued.

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Preparing finance professionals in dealing with ethical dilemmas

Future CFO

Accountants and other professionals involved in implementing sustainability reporting regularly face ethical dilemmas. The Association of Chartered Certified Accountants discusses its guide to prepare financial professionals in real-world scenarios to equip them in managing dilemmas often presented by: • Risks of greenwashing • Weakness in processes and systems • Lacking technical knowledge • Compromises in objectivity and independence.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Consumer companies anticipate rural mandate with Assembly polls around the corner

CFO News

Consumer goods companies and automakers are optimistic that the upcoming elections in India will boost rural demand. Elections often lead to increased government initiatives, which in turn, stimulate rural incomes and liquidity. Companies like Marico, Dabur, and Godrej Consumer Products have noted that elevated food prices and below-average monsoons have delayed the recovery of the rural economy.

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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Until a few months ago upon the public release of ChatGPT, most of us considered the notion of a human-like artificial intelligence like the HAL supercomputer in the movie 2001, or Data, the AI-powered android from Star Trek , something we were unlikely to see in our lifetimes. But as people use new powerful AI tools like ChatGPT and BARD for everything from setting meeting agendas to writing personal letters, shopping lists, and even poetry, an AI-powered future seems likely to become a real

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OpenAI is in talks to sell shares at an $86 billion valuation

CFO News

The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The firm hasn’t finalized allocations and terms could still change, some of the people said.

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Baidu launches new version of AI model

Future CFO

China-based technology company Baidu launched a new version of its artificial intelligence model, Ernie 4.0, which uses algorithms to produce and create new content. The search engine and AI firm claims that this new version, which reportedly has achieved comprehension, reasoning, memory and generation, rivals models such as OpenAI 's GPT-4 in the US.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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IT hardware companies may require global certification

CFO News

The Indian government is considering asking importers of IT hardware to provide an international certification, attesting that their products are from trusted sources. This move is in response to concerns raised by countries such as China, the US, South Korea, and Taiwan about India's restrictions on the import of these products.

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FCF Biotech Venture Capital Monitor – USA 09/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 09/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 09/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Three Dabur arms face multiple lawsuits in US and Canada

CFO News

Currently, cases are in the pleadings and early discovery phases of litigation. "There are various motions pending as well. Since we are in the initial stage of litigation, any final quantum of claim amount is neither probable nor estimable," it said.

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When a Restructuring Became A CFO’s Flight Path | Donald McClure, CFO, Identity Digital

CFO Thought Leader

943: Finding the Path Forward | Donald McClure, CFO, Identity Digital MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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One in five board members at India Inc is now a woman

CFO News

After 10 years of the Companies Act 2013, one in five board members in Nifty-500 companies is a woman. While this shows progress, there is still work to be done. The law has ensured that all 500 companies have a woman director, but many have only one. Larger boards also tend to have fewer women directors.

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What You Need to Earn to Own a Home

Barry Ritholtz

click for ginormous chart While I am wrapped up working on a few projects today, I wanted to share this map/chart/table showing US real estate prices relative to income. A lot of factors drive home prices — available supply, mortgage rates, inflation, salary/income growth, demand, etc. Its not as simple as many make it out to be. It has also become obvious that the big shortage of single-family homes housing prices has kept prices elevated (although there are some signs that some aspiratio

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Anant Ambani's board induction: Why more streaks of black in grey-haired clubs

CFO News

Reliance: Proxy firms Institutional Shareholder Services Inc. (ISS) and Institutional Investor Advisory Services (IIAS) have recommended that shareholders vote against the induction of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, to the company's board. ISS cited Anant's limited leadership and board experience as a concern.

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Southeast Asia consumer confidence on track for rebound 

Future CFO

Southeast Asia consumer confidence is on track for a rebound as value-seekers embrace new needs, said Bain recently. According to the SYNC Southeast Asia report “Bold Moves: Leading Southeast Asia’s next wave of consumer growth” by Meta, Bain & Company, and DSG Consumer Partners, 39% of consumers in the region indicated a reduction in average spend in the past year, citing top concerns around economic stability (63%) and cost of living (58%).

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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The Orient Cement offer: Gautam Adani's play in yet another infrastructure sector in India

CFO News

Adani Group, a major player in India's infrastructure sector, is eyeing further expansion in the cement industry. Adani recently acquired three major cement companies and is now reportedly in talks to purchase Orient Cement. The acquisition would strengthen Adani's presence in south India, where ACC, one of the companies it acquired, has capacity constraints.

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Son of ex-Trump CFO details cozy lending ties

CFO Dive

The judge presiding over the fraud case against the former president warned him and others to be quiet Wednesday as tempers flared.

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Wipro’s headcount drops by more than 5,000 in Q2

CFO News

This comes as major Indian IT firms have all reported a drop in their headcounts. India’s largest software exporter, TCS, reported a net fall of 6,333 employees in the second quarter of FY24.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • How to Invest During Times of War : For those not directly facing conflict, you should focus your investments on those assets that do well during periods of higher inflation since inflation tends to be higher during wartime. Historically this meant investing in global equities, real estate, and short-term bonds.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.